The S&P 500 rose solidly on Tuesday as traders awaited the results from a high-stakes U.S. presidential election.
The broad market index gained 0.9%, and the Nasdaq Composite advanced 1.2%. The Dow Jones Industrial Average climbed 313 points, or about 0.8%.
The latest poll from NBC News suggests the race is "neck and neck" between former President Donald Trump and Vice President Kamala Harris. Close attention also remains on which party dominates Congress, given that a sweep by Republicans or Democrats could contribute to drastic spending changes or a big revamp of tax policy.
The results could have a significant effect on where stocks end the year, but investors may want to brace for some near-term choppiness. CNBC data going back to 1980 suggests the major averages gain between Election Day and the end of the year, but typically fall in the session and week after. Uncertainty over the results could lead to even more shakiness in the market.
Source: CNBC
Both the STOXX 50 and STOXX 600 hovered around the flatline on Thursday, as bond market pressures eased and yields edged lower. Traders remained focused on upcoming US labour market data to gauge the ...
Asia-Pacific markets rose Thursday following a tech rally overnight on Wall Street that lifted the S&P 500 and Nasdaq Composite, even as growing fears around the economy weighed on equities. Japa...
Wall Street ended mixed on Wednesday as tech strength offset broader market weakness, with investors weighing a favorable antitrust ruling for Google against signs of labor market softening. The S&am...
European shares ended higher on Wednesday, stabilising as investors assessed fiscal challenges after a selloff in longer-dated bonds had sparked risk-off sentiment in the previous session. The contin...
A rally in the world's largest tech companies drove stocks higher as bonds rebounded after weak jobs data validated wagers the Federal Reserve will resume cutting rates i...
The US dollar held steady on Thursday (September 4) amid a volatile week as investors grappled with a fragile bond market and data showing a weakening labor market, which has reinforced expectations that the Federal Reserve will cut interest rates...
Gold prices fell on Thursday (September 4), slightly off record highs as investors locked in profits, while attention turned to key US employment data for further insight into the Federal Reserve's policy direction. Spot gold prices fell 0.4% to...
The US dollar edged higher against the slightly weaker Swiss franc, as an unexpected contraction in Swiss consumer prices in August fueled speculation that the SNB will cut interest rates to negative levels in the coming months. The pair edged up...
The US Bureau of Labor Statistics (BLS) will release the Job Openings and Labor Turnover Survey (JOLTS) on Wednesday. This publication will provide...
Global stocks fell and long-dated bond yields in Europe hit multiyear highs on Tuesday as investors grew increasingly worried about the state of...
In his first press conference in a week, President Donald Trump dismissed rumors of his death circulating on social media. In a casual tone, Trump...
Asia-Pacific markets mostly fell Wednesday, tracking losses on Wall Street as investors assessed rising global bond yields and the latest...